South Korean President Lee Jae Myung vows $15.97B for AI, chips, physical AI, and data centers in the country's 2027 budget, nearly twice the 2026 amount (Reuters) — SkimNews
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- Lee Jae Myung vowed $15.97B for AI, chips, physical AI and data centers in South Korea's 2027 budget, promising Monday to make bold investments in artificial intelligence.
- South Korea's 2027 technology outlay is nearly twice the 2026 amount, making the commitment roughly double the current one within a single budget cycle.
Why it matters: The $15.97B line is nearly double the 2026 allocation, so government backing for South Korea's AI, chip, physical AI and data-center buildout expands by roughly that much again in one budget cycle. That leaves domestic chipmakers, AI developers and data-center operators working with a commitment roughly twice the size of the current one.
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